Which of the Following Accounting Principles Would Prescribe That All

question 40

Multiple Choice

Which of the following accounting principles would prescribe that all goods and services purchased is recorded at cost?

• A)Going-concern principle
• B)Continuing-concern principle
• C)Cost principle
• D)Business entity principle
• E)Consideration principle

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Definitions:

Semicircular Canals

Three fluid-filled tubes located in the inner ear that are key components in maintaining balance and detecting head movements.

Cochlea

A spiral-shaped cavity in the inner ear that plays a key role in converting sound vibrations into neural signals.

Nociceptors

Specialized sensory receptors responsible for detecting harmful stimuli and sending pain signals to the brain.

ESP

Extrasensory Perception, a claimed ability to gain information without the use of the known five senses.